Monarques Intersects a 66 Metre Gold Zone on the Simkar Property

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Published: Jan 16, 2014 9:09 a.m. ET

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QUEBEC CITY, QUEBEC, Jan 16, 2014 (Marketwired via COMTEX) --
MONARQUES RESOURCES INC. ("Monarques" or the "Corporation") (tsx
venture:MQR)(frankfurt:MR7) is pleased to report on the initial
results of the latest drilling on the Simkar gold property (the
"Property"), in which it acquired a 50% interest under an agreement
signed with Eloro Resources Ltd. on September 23, 2013. The Property
is located in the heart of the Val-d'Or mining camp, just north of
the Cadillac-Larder Lake Break, in the Abitibi Greenstone Belt.

"Monarques is very pleased to confirm that the prospect for
increasing the potential of the Simkar project remains positive,"
said Jean-Marc Lacoste, President and CEO of Monarques. "The
discovery of what we believe to be a new, near-surface gold zone in
the southern part of the property provides us with a strong incentive
to continue working on this project. We are very much looking forward
to receiving the final analytical results from this latest program."

The 2013 drilling program consisted of 19 holes, totalling 8,055
metres of drilling. The campaign was primarily aimed at extending the
gold-mineralized horizons previously identified as the "A", "B", "C",
"D", "East" and "South" zones, with the goal of confirming their
projected horizontal and vertical extensions. A secondary goal was to
develop and test new models of these same structures.

Holes SK13-01, SK13-02 and SK13-04 intersected 38.35 m, 66.00 m and
28.20 m of gold mineralization, respectively, at grades up to 3.86g/t
Au. Whereas the mineralized interval in Hole SK13-02 appear to be
associated with Zone D, holes SK13-01 and SK13-04 have mineralized
intervals that are closer to surface and south of Zone D. This
indicates an as-yet untested potential on Zone D and southward for
wide, low-grade horizons, which, given the current market conditions,
are considered favorable in terms of mining development scenarios.

The 2013 exploration program was managed by MRB & Associates ("MRB") of
Val-d'Or, QC who designed the drilling campaign, supervised the
program and logged and sampled the core on Monarques' behalf.
Sampling consisted of sawing each core in two equal halves along its
main axis and shipping one of the halves to Techni-Lab S.G.B. Abitibi
Inc. in Val-d'Or for assays. The samples were crushed, pulverized and
assayed by fire assay with atomic absorption finish. Results
exceeding 5.0 g/t were re-assayed using the gravity method. MRB
established a full QA/QC protocol, including the insertion of
standards, blanks and duplicates.

Antoine Fournier (Geologist), Exploration Manager for Monarques, and
the qualified person (QP) under National Instrument 43-101, has
reviewed the technical and scientific content of this release.

ABOUT MONARQUES

Monarques Resources Inc. (MQR) is a junior gold
exploration company dedicated to excellence and committed to a
program of socially- and environmentally-responsible development. The
Corporation is currently focusing its efforts on the acquisition and
development of gold projects along the Cadillac Break, in the
Val-d'Or area. On October 31, 2013, Monarques had over 100 km2 of
property holdings in Val-d'Or consisting of 399 claims and two mining
concessions, and over $1.72 million in credits from the Ministere des
Ressources Naturelles (MRN).

Forward-looking Statements

The forward-looking statements contained in this press release
involve known and unknown risks, uncertainties and other factors that
may cause Monarques' actual results, performance and achievements to
be materially different from the results, performance or achievements
expressed or implied therein. Neither TSX Venture Exchange Inc. nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange Inc.) accepts responsibility for
the adequacy or accuracy of this press release.

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